HTF Candle Volume Profile

The HTF Candle Volume Profile indicator projects higher timeframe (HTF) price action and its corresponding volume distribution directly onto the current chart, providing a bridge between lower timeframe execution and higher timeframe structure. By visualizing synthetic HTF candles alongside intra-candle volume histograms, traders can identify key institutional value areas and liquidity levels without switching chart views.

Usage

The tool is designed for multi-timeframe analysis, allowing users to anchor a higher timeframe (e.g., Daily) while trading on a lower timeframe (e.g., 15-minute). It projects up to four candles to the right of the current price action to prevent chart clutter.

• Institutional Value: The Point of Control (POC) within each HTF candle marks the price level with the highest traded volume. These levels often serve as strong support or resistance when retested.
• Trend Confirmation: By observing the "migration" of the POC across consecutive HTF candles, traders can gauge the health of a trend. Rising POCs indicate a bullish trend, while falling POCs suggest bearish momentum.
• Liquidity Targets: The High and Low level lines represent HTF extremes. Price often treats these levels as "draws on liquidity," making them ideal targets for take-profits or areas to watch for potential reversals.

Details

This indicator uses a synthetic projection method to draw HTF data. It calculates the OHLC (Open, High, Low, Close) values for the selected anchor timeframe and builds a volume histogram (profile) for each period based on the lower timeframe data available on the chart.

Key visual components include:

• Synthetic Candles: Visual representations of the HTF OHLC.
• Intra-Candle Volume Profile: A horizontal histogram inside the candle body showing volume distribution.
• Point of Control (POC): The specific price level with the highest volume in that HTF period.

Settings

HTF Settings

• Timeframe: The anchor timeframe used to build the synthetic candles (e.g., D, 4H, 1H).
• Projection Offset: Sets how many bars to the right of the current price the synthetic candles are drawn.

Volume Profile

• Profile Bins: Determines the vertical resolution of the volume histogram.
• Profile Width: Sets the maximum horizontal width of the volume bars.
• Show POC Line: Toggles the dashed line at the Point of Control.
• POC Line Style: Selects between Dashed, Solid, or Dotted styles for the POC.
• Show High / Low Levels: Toggles the dotted lines at the candle extremes.

Style

• Labels: Toggles price and name labels for the POC, High, and Low levels.
• Bullish/Bearish/POC Color: Customizes the color scheme for candles and volume profiles.

Candles

• Candle 1-4: Individual toggles to show or hide the current forming candle (C1) and the three most recent closed candles (C2-C4).

FAQ

How do I use the POC line in my strategy?

The POC represents the "fairest price" where the most business was conducted. Traders often look for price to react to these levels as they signify high-interest areas for institutional participants.

Can I change the transparency of the profiles?

Yes, the colors and their visibility can be adjusted in the "Style" section of the settings menu to match your chart theme.

How do I access HTF Candle Volume Profile?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.